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https://www.cnbc.com/2022/06/22/vladimir-putin-to-address-brics-russia-invasion-of-ukraine.html

Russian President Vladimir Putin is set to take part in his first major multilateral meeting since he launched an unprovoked war on Ukraine. As the war closes out its fourth month, Putin meets fellow BRICS leaders at their annual summit, which is being hosted virtually by China this year. BRICS, an acronym for a grouping comprising Brazil, Russia, India, China and South Africa, was conceived in 2006 and held its initial summit meeting in Russia in 2009. The group sees itself as a voice for developing countries. None of the members have condemned Russias invasion. Both China and India, the second and seventh largest economies, respectively, have also increased trade with Russia despite international sanctions on Moscow. At the groups 14th annual meeting, Putin may call on BRICS to establish joint oil and gas refining facilities with Russia. Last month, Russias TASS news agency reported that Russian Industry Minister Denis Manturov said this would help reduce the blocs dependence on energy supplies from unreliable partners. Russia, which has been expelled from the SWIFT international bank transfer system, is keen to forge a move away from the dollar, which it sees as the means to U.S. dominance. In previous meetings, BRICS countries have discussed such a move.

Chinese President Xi Jinping is likely to seek support from BRICS for his vision of an alternative world order, which he introduced at a forum in April as his signature Global Security Initiative. The main premise of the GSI posits that seeking absolute security is counterproductive. It opposes the building of national security on the basis of insecurity in other countries. GSI may have a backer in Putin, who was in Beijing weeks before he launched the Ukraine invasion on Feb. 24. At the time, China and Russia signed a 5,000-word no limits partnership aimed at challenging global hegemony without explicitly naming the U.S.